Japan Display Sets Cautious Price For IPO

Key Apple Inc. Supplier Seeks Price Beneath Earlier Guidance

TOKYO—Japan Display Inc., the world's biggest maker of displays for smartphones, and a key Apple Inc. supplier, unveiled a price range for its $4 billion initial public offering that was beneath its earlier guidance, signaling a cautious investor stance amid rocky market conditions.

The company said Monday it is seeking a price of between ¥900 and ¥1,100 ($8.88 to $10.85) per share for its listing on the Tokyo Stock Exchange. The final offer price will be announced March 10 and the company is scheduled to go public March...